What to know about the major dam destruction in Ukraine

vox.com A screen grab captured from a video shows the Kakhovka Hydroelectric Power Plant after a blast occurred in the plant, which is in the Russian-controlled part of Ukraine’s…

Reddit Laying Off 5% of Workforce, Trims Hiring Plans

variety.com Reddit, the internet community discussion powerhouse, is cutting 90 jobs, laying off about 5% of its total employee base, as it restructure operations to position itself to…

US States Are Going After Coinbase Following SEC Lawsuit

blockworks.co A collection of states are going after Coinbase for alleged securities violations, yet another blow to the American crypto exchange after the Tuesday SEC lawsuit. Securities…

SEC Files for Temporary Restraining Order Against Binance, CZ

blockworks.co The SEC has petitioned a court for a temporary restraining order against Binance and its affiliates — BAM Management and BAM Trading — in a move that could freeze the assets…

Coinbase Put in House Hot Seat Hours After SEC Lawsuit Released

blockworks.co Just hours after his employer was charged by the SEC for a variety of alleged securities law violations, Coinbase Chief Legal Officer Paul Grewal appeared before the House…

Banks Can ‘10x the Blockchain Industry’ Says Chainlink Co-founder

blockworks.co The Society for Worldwide Interbank Financial Telecommunication (Swift) on Tuesday announced a collaboration between major banks and Web3 infrastructure provider Chainlink…

Starbucks inks deal with Travis Kalanick's CloudKitchens as the coffee giant expands delivery through DoorDash

businessinsider.com Laxman Narasimhan, Starbucks' CEO Stephen Brashear/AP Starbucks is trying to expand its delivery business. CloudKitchens offers one solution to delivery growth. Starbucks…

Another New Layer-1? Starting All Over Again ‘Isn’t Sustainable’

blockworks.co Every few years, some kind of new standard upgrades the internet experience, providing better performance in one way or another. This, in turn, creates a greater capacity…

Industry Weighs in as Crypto Asset Reporting Proposal Hits Final Stretch

blockworks.co As the comment period for the proposed changes by the Financial Accounting Standards Board (FASB) regarding crypto asset reporting nears its end, companies supporting these…

“The news feeds do not sag”: A look at Ukraine’s local news landscape, more than a year into the war

niemanlab.org “Adaptation to the war has occurred, albeit incompletely.” That’s one top finding from a recent report by the Media Development Foundation, an organization founded in 2013…

If Only Mining Bitcoin Was as Easy as Mining Bitcoin in Roblox

blockworks.co It took Marathon years to build out its pricey infrastructure capable of mining 1,200 bitcoins per month. I mine more than that in one second — in Roblox. One of the…

DeFi Users ‘Don’t Care’ What Chain Apps Are On: Composable Finance

blockworks.co Composable Finance is bringing inter-blockchain communication (IBC) from the Cosmos to Polkadot. IBC, as its name indicates, is an interoperability protocol that helps…

Outlook.com hit by outages as hacktivists claim DDoS attacks

bleepingcomputer.com Outlook.com is suffering a series of outages today after being down multiple times yesterday, with hacktivists known as Anonymous Sudan claiming to perform DDoS attacks on…

Coinbase CEO Calls on Congress to ‘Fix the Situation’ After SEC Lawsuit

blockworks.co Coinbase CEO Brian Armstrong responded to the SEC’s lawsuit against the exchange on Tuesday, June 6. Armstrong said that the SEC reviewed Coinbase’s business in 2021 and…

Pepe Coin Price Continues to Tank, But Wall Street Memes is Pumping

beincrypto.com The meme coin market has been on a wild ride in recent weeks, with some coins posting massive gains while others have crashed. Pepe ($PEPE), one of the most popular meme…

Coinbase Was Allowed to Go Public, Then Got Sued

blockworks.co The SEC’s lawsuit against Coinbase has some wondering why the securities regulator allowed the company to go public in the first place. But the SEC doesn’t truly “approve” a…

Video from Ukraine shows an entire house washed away in floods after a crucial dam was destroyed

businessinsider.com Water runs through a gap in the Nova Kakhovka dam in the Russian-controlled part of Ukraine's Kherson region on June 6, 2023 Zelenskyy Social Media Account / Handout/Anadolu…

Dystopian World Could Emerge From Government Control of Blockchain via CBDCs, Says Okcoin CEO

dailyhodl.com The chief executive of San Francisco-based crypto exchange Okcoin thinks government control of the blockchain via central bank digital currencies (CBDCs) could lead to a…

How to Build a Compliant Crypto Exchange Post-Coinbase

coindesk.com Moreover, I held this position when it was unpopular and non-obvious, unlike the recent crop of crypto critics like former government lawyer John Reed Stark (who seems to…

$57M Worth of Tokens Are Scheduled for Unlocking This Week

beincrypto.com This week, $57 million worth of tokens from various projects will be introduced into the circulating supply. dYdX will unlock tokens worth over $12 million. When a project…

80% of Metaverse Users Use Crypto, Paypal Survey Finds

blockworks.co A Paypal survey on the metaverse showed that 56% of respondents said that their use of crypto will increase over the next five years. The study defined the metaverse as “a…

Mines are being swept away in the floodwaters and exploding after a key dam in Ukraine was destroyed

businessinsider.com An explosion at the Kakhovka dam has sent a wall of water downstream. Reuters An explosion at a dam in Ukraine caused a flood that is submerging towns downstream. Ukrainian…

Regulation by Enforcement Is Unsustainable, CFTC Chair Tells Congress

blockworks.co On the heels of the SEC suing both Binance and Coinbase, the House Agriculture Committee gathered Tuesday morning for a dual panel hearing to discuss crypto spot market…

Ukraine's Kakhovka dam explosion released 150 tons of oil into river

newsweek.com Ukrainian President Volodymyr Zelensky's office said Tuesday that at least 150 tons of machine oil have been released into the Dnieper River following the explosion of the…

Gensler Says US Dollar Is Only Digital Currency We Need

blockworks.co SEC Chair Gary Gensler appeared on CNBC’s Squawk Box to discuss the recent lawsuits filed by the SEC against Binance and Coinbase. The lawsuits accuse both platforms of…

Coinbase Staking Program Targeted by Alabama Securities Regulator

blockworks.co In addition to the SEC’s lawsuit against Coinbase — which was filed Tuesday morning — 10 states announced a show cause order against Coinbase. “The order gives Coinbase 28…

CZ, Jack Dorsey React to Coinbase and Binance Lawsuits

blockworks.co With Coinbase joining Binance as the second cryptocurrency heavyweight sued by the SEC in roughly 24 hours, the industry is reeling. And industry participants on Tuesday…

Etherscan Advanced Filter Feature Helps On-chain Sleuths

blockworks.co The Ethereum blockchain explorer Etherscan has rolled out a new advanced filtering feature that expands the tool kit available for reading on-chain data. The new feature, in…

Moscow and Kyiv blame each other for disastrous dam collapse in southern Ukraine

pbs.org The wall of a major dam in southern Ukraine collapsed Tuesday, triggering floods, endangering Europe’s largest nuclear power plant and threatening drinking water supplies as…

Microsoft battles through two 365 outages in one day

theregister.com Updated Microsoft's cloudy productivity services are having an up-and-down day, with two outages making life miserable for users. At the time of writing, the Outlook email…

Coinbase Stock Tanks 16% Following SEC Lawsuit

blockworks.co Coinbase shares dipped about 16% during pre-market trading Tuesday morning in New York following news that the SEC has charged the exchange for allegedly violating…

SEC Sues Coinbase: Here’s What They Allege Coinbase Did Wrong

blockworks.co Coinbase is being sued by the SEC just a day after the SEC went after the world’s largest crypto exchange, Binance. The SEC is alleging that Coinbase operated as an…

SEC Sues Coinbase For Acting as Unregistered Broker: Reports

beincrypto.com The US Securities and Exchange Commission (SEC) has sued the crypto exchange Coinbase for acting as an unregistered broker. According to a community-run news aggregator,…

SEC Sues Coinbase For Alleged Securities Violations

blockworks.co In the lawsuit, filed on Jun. 6, the SEC alleges that Coinbase has been operating as an unregistered exchange. The SEC names Coinbase and CGI — Coinbase’s holding company —…

Did video show Ukraine combat vehicle camouflaged as a civilian home?

newsweek.com A short video appearing to show a "house" moving through a field in Ukraine was shared widely on Twitter and Reddit on Monday, with captions claiming it was a camouflaged…

1000s Evacuated As Massive Wall Of Water Surges Through Ukraine After Major Dam 'Blown Up'

zerohedge.com 1000s Evacuated As Massive Wall Of Water Surges Through Ukraine After Major Dam 'Blown Up' Images and videos posted on social media show a major dam and hydroelectric power…

Judge Denies FTX Chance to Participate in Genesis Mediation Talks

beincrypto.com The United States Bankruptcy Judge Sean Lane has allowed bankrupt crypto lender Genesis more time to submit its suggestions for a payout proposal. And FTX has been told it…

Binance Users Pull $1.5B Amid Sweeping SEC Charges

blockworks.co Data indicates Binance users have withdrawn almost $1.5 billion from the crypto exchange over the past day, as the firm grapples with a fresh Securities and Exchange…

Key Ukrainian dam blown up, Kyiv blames Russia

politico.eu KYIV — Ukraine blamed Russia for explosions at a key dam, which unleashed massive flooding and threatened 80 settlements in what Kyiv says is a last-ditch attempt to derail…

LBank Exchange Will List Switch (SWITCH) on June 8, 2023

cryptodaily.co.uk Road Town, BVI, June 6th, 2023, Chainwire LBank Exchange, a global digital asset trading platform, will list Switch (SWITCH) on Jun 8, 2023. For all users of LBank Exchange,…

Ukraine blames Russia for destroying major hydroelectric dam 'in panic' as counteroffensive starts

theweek.com Ukraine accused Russia of blowing up the Kakhovka dam on the Dnipro River early Tuesday, sending a Great Salt Lake's worth of water downstream to flood communities and wreak…

Walbi AI-Powered Platform to Launch MVP, Enhance Decision-Making for Crypto Traders

cryptodaily.co.uk Whether it's crypto, stocks, or forex, the cold hard truth is that most traders lose. An analysis of eToro trades revealed that nearly 80% of the platform's active users…

Ukraine latest: Russia's Belgorod region under shelling, authorities tell residents

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Destroyed Ukrainian dam unleashes floodwaters, putting thousands at risk: Here’s what we know so far

cnbc.com A screen grab captured from a video shows the Kakhovka Hydroelectric Power Plant after a blast occurred in the Russian-controlled part of Ukraine's Kherson on June 6, 2023.…

Key Ukrainian Dam Partially Destroyed, Southern Ukraine Faces Threat Of Massive Floods

forbes.com A key dam and hydroelectric power plant in southern Ukraine was partially destroyed purportedly by an explosion on Tuesday—which Kyiv claims was carried out by occupying…

Amid Crypto Chaos, CFTC Approves Cboe For Futures Margin Trade

blockworks.co The Commodity Futures Trading Commission (CFTC) has given the green light for Cboe Global Markets to offer crypto more products as a derivatives clearing organization under…

Catastrophic Breach of Nova Kakhovka Dam Floods Lower Dnieper, Cuts Crimea Water Supplies; Ukraine Attacks in Bakhmut,

nakedcapitalism.com [Dear patient readers: I wanted to get a fast post out while the news of the Kakhova Dam destruction was fresh. I plan to update and add the section promised in the headline…

Ukraine latest: Dam in southern Ukraine is blown, flooding war zone

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC

cointelegraph.com The total number of cryptocurrencies the United States securities regulator has accused to be a “security” has now reached an estimated 61, after adding a few more from its…

Reggie Fowler Gets Over 6 Years for Crypto Scheme, Ordered to Forfeit $740M

blockworks.co US federal prosecutors got their way in the Reginald Fowler case, with a New York judge imposing an approximately six-year prison term on the convicted crypto fraudster.…

Ukraine latest: Wagner chief calls Moscow's claim of huge Ukraine losses 'fiction'

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Bitcoin Weekly Momentum Crosses Bearish For First Time In 2023

newsbtc.com In a significant development this week, Bitcoin price has crossed bearish on the weekly LMACD (Logarithmic Moving Average Convergence Divergence), marking the first time…

Binance Executives Claimed to Operate as ‘Unlicensed Securities Exchange’: SEC Lawsuit

blockworks.co The SEC’s lawsuit against Binance makes a number of allegations against the world’s largest crypto exchange as well as the other defendants – which include CEO Changpeng…

Benjamin Cowen Issues Alert, Says 2023 Bitcoin Top Likely Already In As Potential Recession Looms

dailyhodl.com A widely followed crypto analyst is issuing a warning that the Bitcoin (BTC) top for 2023 is likely already in. In a new video update, prominent crypto strategist Benjamin…

Higher Bitcoin Transaction Fees Spur Good Month for Miners

blockworks.co Several miners reported higher bitcoin production in May as a result of higher transaction fees that have since returned to more normal levels. The Bitcoin network has been…

Gary Gensler Is a National Disgrace: It’s Time to Rein Him In

blockworks.co Gary Gensler is the chair of the SEC, and he is not a popular man. While rumor has it that he seeks Janet Yellen’s Treasury role at some point, sources on Capitol Hill…

UK Considers ‘Crypto Tsar’ to Head up Regulation

blockworks.co As the European Union was busy passing landmark policy to bring crypto markets under government regulation, some lawmakers in the United Kingdom are ramping up demands for…